The Bitcoin Halving Is Upon Us, Excitement at All-Time Highs
The great Bitcoin block reward halving is finally upon us. In a few more hours, block rewards for miners will be reduced by 50 percent, with as-yet-unknown consequences for the Bitcoin industry. Around the world, Bitcoiners are watching countdown clocks and block explorers in anticipation. Which mining pool mined the last 25 BTC block, and who mined the....
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Bitcoin is 200 days before halving, a supply shock that historical patterns show that prices tend to rally, even clearing previous all-time highs once it happens. In a price chart shared by the “thescalpingpro” on X on October 9, the analyst appears to suggest that the world’s most valuable coin is in the early stages of not only breaking above 2021 highs but registering new highs after the network halves in 2024. Early Signs Of Bull Rally: 200 Days Before Halving Thus far, the trader notes that Bitcoin is down 60% from previous all-time highs in 2021. This formation, the....
A lot of people assumed the Bitcoin halving would force the price upwards. However, that will not necessarily be the case. The upcoming Bitcoin halving has been a subject of great debate and excitement. While the block reward will be cut in half, the number of newly minted coins per day will decrease. Bitcoin miners, on the other hand, will earn less money, depending on how the Bitcoin price evolves. But so far, it seems like market movers are pushing the Bitcoin price down, rather than up. Bitcoin Halving Does Not Deliver On The Hype. A lot of people assumed the Bitcoin halving would....
The much anticipated Bitcoin-Halving Day is approaching fast with less than 300 blocks to go until the reward changes for miners. Expectations for this event have been quite massive, with many predicting a surge in price. Meanwhile, others are holding events to celebrate this milestone in Bitcoin’s life. We’re Gonna Party Like It’s Block # 419,975. It....
The Bitcoin halving took place yesterday, and people celebrated around the world. Block 420000 was successfully mined, signalling a decrease in the block reward from 25 bitcoins to 12.5, producing little change within the hashrate and price. The next halving will take place at block 630000, which should happen roughly in four years or less depending on....
Bitcoin and Crypto Markets Continue Their Slide…But Why?!Litecoin is trading more than 40% lower than pre-halving local highs. But according to an ominous-sounding technical analysis signal, LTC could have a lot more decline ahead. Litecoin Triggers Death Cross After Halving Rally Failure This month, the Litecoin block reward halving came and went, leading to very […]